Riyadh – The net profits after Zakat and tax of Najran Cement Company plummeted by 31.29% year-on-year (YoY) to SAR 113.74 million in 2022, compared to SAR 165.54 million.

Revenues dropped by 7.89% to SAR 535.68 million last year from SAR 581.55 million in 2021, according to the annual financial results.

The earnings per share (EPS) stood at SAR 0.67 during the January-December 2022 period, versus SAR 0.97 a year earlier.

In the first nine months (9M) of 2022, the company’s net profits after Zakat and tax amounted to SAR 64.42 million, lower by 50.26% YoY than SAR 129.51 million.

The revenues fell by 15% to SAR 375.60 million in 9M-22 from SAR 441.89 million in 9M-21, whereas the EPS retreated to SAR 0.38 from SAR 0.76.

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